October 28, 2019 – Todd Tremblay, Bob Horvath, Aaron Huntley and Matthew Nadler of Horvath & Tremblay have successfully completed the sale of CVS in Bellingham, Massachusetts. Horvath & Tremblay exclusively represented the seller and procured the 1031 exchange buyer to complete the transaction at a sale price of $8,350,000.
CVS operates under a 20-year double net lease with five, 5-year option periods. Rental escalations are scheduled throughout the base term of the lease and throughout the option periods. The Property is located at a signalized, highly trafficked intersection along Pulaski Boulevard with nearby national tenants including: Stop & Shop, Dollar Tree, Dunkin’ Donuts, Cumberland Farms, Ace Hardware, Advance Auto Parts, and Honey Dew Donuts.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.